CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit
Bitcoin could find support near $30,000 even if institutional investors unwind their accumulated exposure, CryptoQuant's chief executive argues. The scenario would require reversing roughly $58 billion in net inflows to US spot Bitcoin exchange-traded funds (ETFs) and selling the 1.3 million BTC publicly traded companies have accumulated. Yet CryptoQuant CEO Ki Young Ju believes Bitcoin's…
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Bitcoin could find support near $30,000 even if institutional investors unwind their accumulated exposure, CryptoQuant's chief executive argues. The scenario would require reversing roughly $58 billion in net inflows to US spot Bitcoin exchange-traded funds (ETFs) and selling the 1.3 million BTC publicly traded companies have accumulated. Yet CryptoQuant CEO Ki Young Ju believes Bitcoin's…
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